How To Achieve Financial Freedom In Your 20's | Top 5 Rules Of Money | Total Money Makeover Summary

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Are you tired of watching others go on lavish trips, buy the latest gadgets, party at expensive clubs, and show off on Instagram while you struggle to make ends meet? Well, it's time to change that! In this YouTube video, we bring you the ultimate solution to transform your financial situation and go from being a Bambani to an Ambani. Join us as we dive into Dave Ramsey's Total Money Makeover and discover five timeless principles that will revolutionize your financial habits.

We start by discussing the importance of facing reality and being honest about your current financial situation. Dave Ramsey emphasizes that financial freedom depends on 80% behavior and 20% knowledge, so we need to understand our income, expenses, spending patterns, and savings habits. It's time to stop pretending and take control of our financial lives.

Next, we explore the significance of saving up for rainy days. Murphy's Law states that anything that can go wrong will go wrong, and if we're not prepared, it can lead to even bigger financial troubles. Dave Ramsey suggests creating an emergency fund of $1,000 (or the equivalent in your currency) to cover unexpected expenses. We discuss practical ways to save and store this fund safely, ensuring it's easily accessible during emergencies.

Debt can be a major obstacle on our path to financial freedom, so we introduce the concept of the debt snowball. By listing our debts from smallest to largest and tackling them one by one, we gain momentum and motivation to become debt-free. We discuss strategies to pay off debts efficiently and the psychological boost it provides when we achieve small victories along the way.

Once we've eliminated our debts, it's time to build a safety net fund. This fund acts as a cushion for the future, providing financial security in case of job loss or unexpected events. We explain how to calculate your monthly living expenses and determine the amount you need to save to cover at least three months' worth. Dave Ramsey suggests aiming for a 12-month safety net fund, but we encourage starting with three months and gradually building it up.

Finally, we wrap up with the reminder that life is meant to be enjoyed. While financial discipline is crucial, it's also essential to find a balance and savor the joys of life. We emphasize the importance of taking it slow, enjoying the journey, and not compromising your mental well-being for financial goals.

If you're ready to take charge of your finances, break free from the cycle of debt, and live a life of abundance, this video is for you. Join us as we delve into the Total Money Makeover and unlock the secrets to financial success. Don't let financial limitations hold you back anymore—become the master of your money and embrace a life of financial freedom. Hit the play button now and let the transformation begin!

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Thank you for reading :)

[Cristian_M_]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!

[jadabnath]

1. Check your financial condition first.
2. Save up for your rainy day. (Save for emergency atleast 82000.00 Rs.)
3. Debt snowball (1st close your small loans then others)
4. Safety Netfund
5. First clear your all debt then Save & Invest money 15% of your income and enjoy your life what you want to do (Travel, Party etc)

[tanniroy]

Yes🎉.
Are you great teacher for Life lesson😊.
Thank you for your lessons🙏🏻.

[divijsharma]

Yes. Mudassir bhai aap positivity ka source ho and aapka sense of humor bhi mastt h

[kshitijukey]

YES, already following Dave Ramsey's principles .

[nayab]

Very useful and informative video sir ❤pls make more such videos on financial knowledge 🙏 these are much needed

[dwdr]

Yes, Now I Got My Answer !!! Thanks for the informative video sir

[vickylikhar]

Yes it's again a knowledgeable video

[dipankardas]

দারুন টিপস, খুব ভালো উপকার পাওয়া গেল।

[mahadevkidiwani]

Yes, you are also amazing person ❤ thankyou for information ☺️

[kabirashish]

Yes i will be financial free Thank you so much sir 🤗

[alimran]

Mudassar bhai very useful knowledge
Special thanks 👍

[sweetyshrivastava]

Your voice is mesmerizing 🎉
Fan of your content 😊😊

[kamalhassanchoudhury]

Apke vdo se kafi help hote hain, ye prsnl life main bht useful hain. God bless u brthr.

[KumManish]

Bro, watching this video in the morning as my first task of the day. Learned many things really, I will follow. I affirm 💖

[royalbadshayadav]

All video life changeing love you sir❤❤❤❤❤❤🙏🙏

[AuthenticArup]

So funny. Amazing combination of Intelligent and funny😂😂😂😂😂😂

[KiyosakiSays]

“To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.” - Robert Kiyosaki

[miraclemind]

Your videos are very useful. Thanks for valuable content.

[maheshbagri]

बहुत अच्छा लगा है अपने को आज ही से बदलना है